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Carlyle buys 20% stake in Piramal Pharma businesses

U.S.-based Carlyle Group Inc has agreed to buy a 20-percent stake in the pharmaceutical unit of Indian conglomerate Piramal Enterprises Ltd for about 490 million U.S. dollars, the companies said i

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Chinese tycoon Huang Guangyu released on parole

Huang Guangyu, chairman of GOME Electrical Appliances Holding Ltd., attends a news conference in Hong Kong, China, August 17, 2006. /Reuters The founder of China's largest consumer electronics

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Singapore-based options trading platform Sparrow raises $3.5 million Series A

Sparrow Exchange, a Bitcoin and Ethereum options trading platform based in Singapore, announced today it has raised $3.5 million in Series A funding.The round was led by HDR Group, the owner of crypto

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NW China's Xinjiang becomes major power contributor

Northwest China's Xinjiang Uygur Autonomous Region transmitted 300 billion kWh of electricity outside the region over a decade, said the State Grid's Xinjiang branch S

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Auctioned transaction at Kunming flower market down 12.7 pct

A total of 3.78 million stems of flowers were transacted Sunday via the electronic auction services of the Kunming Dounan Flower Market, Asia's largest fresh cut flowe

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China greenlights first wholly foreign-owned futures brokerage

BEIJING, June 18 (Xinhua) -- China's top securities regulator announced Thursday that it has granted approval allowing J.P. Morgan Futures Co., Ltd. to become the coun

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Just in: Nasdaq Composite breaks above 10,000 for first time

Traders work at the New York Stock Exchange in New York, the United States, Jan. 4, 2019. NEW YORK, June 9 (Xinhua) -- The Nasdaq Composite rallied to a record high in intraday trading on Tuesday, b

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China's securities regulator approves trading of low-sulfur fuel oil

China's top securities regulator announced on Friday that it has given the nod to the trading of low-sulfur fuel oil futures.The trading of low-sulfur fuel oil will be

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European Commission proposes borrowing 750 bln euros as recovery fund

The European Commission on Wednesday proposed borrowing 750 billion euros (826 billion U.S. dollars) in its name from the financial market to help the world's largest

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China to firmly safeguard multilateral trading regime

China will resolutely safeguard the multilateral trading regime and actively participate in reform of the World Trade Organization, according to a government work report submitted to the national leg

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G20 trade, investment ministers vow cooperation to mitigate COVID-19 impact

Group of 20 (G20) trade and investment ministers vowed on Thursday to cooperate to mitigate the impact of COVID-19 pandemic on trade and investment. In a statement released after the second extraordi

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Auctioned transaction at Kunming flower market up 23.9 pct

A total of 6.73 million stems of flowers were transacted Tuesday via the electronic auction services of the Kunming Dounan Flower Market, Asia's largest fresh cut flower trading market, up 23.9 perc

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Peloton Q3 earnings show huge revenue and membership spikes

Peloton bested Wall Street’s high expectations, delivering a huge quarterly earnings report Wednesday that showed revenues climbing 66%. In after-hours trading, the connected fitness companyR

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Nepal starts to get goods other than medical items from China through land route

Nepal has started to receive non medical goods from China through the reopened Tatopani-Zhangmu border point after initially getting supply of medical goods only, a se

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Hong Kong economy shrinks most on record due to COVID-19 pandemic

Hong Kong Convention and Exhibition Centre, Hong Kong, China, June 20, 2015. /VCG Hong Kong's economy contracted by 8.9 percent year on year in the first quarter, the biggest quarterly decline

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China notifies interim appeal arrangement to WTO with other proponents

File photo of the World Trade Organization headquarters in Geneva, Switzerland. (Xinhua/Xu Jinquan) BEIJING, May 1 (Xinhua) -- China and other members of the World Trade Organization (WTO) have forma

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China's trade with Russia expands by 3.4 pct in Q1

China's trade with Russia expanded by 3.4 percent year on year in the first quarter (Q1) of this year, the Ministry of Commerce said Thursday. Trade volume between the two countries stood at 25.35